Question

Rs. 3,000 is deposited in a savings account at a simple interest rate of 30% per annum for 4 years. The total money is then reinvested in stocks offering compound interest at 40% per annum for 2 years. What is the final amount from the stock investment?

A Rs. 12,900
B Rs. 10,936
C Rs. 12,936
D Rs. 12,536
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